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Some backstory to this post: Stefanik wasn’t initially invited to tmrw’s meeting. Speaker wanted to keep it small, but has since it opened up to more GOPers who care about SALT. Tensions have long been simmering between these two. Johnson still working to put her back on Intel.

NEW: T&I Republicans will remove the $20 vehicle registration fee from their section of the reconciliation bill. There will be a manager’s amendment during today’s markup. The fee wouldn’t go into effect until 2031, but the committee heard concerns from other R’s. Edited for

Going into today’s big SALT mtg, key Republicans from NY, NJ & CA are settled on a range of relief they’d accept, but they don’t all agree on numbers “We’re on the same page but maybe not on the same line,” Garbarino said More on one of the biggest obstacles for the tax bill:

News: The Public Company Accounting Oversight Board told Democrats a GOP plan to eliminate the audit watchdog would result in "significant unintended consequences." Legislation being marked up today could "nullify" the government's ability to inspect foreign companies for years.

NEW: Key SALT Republicans meeting at 4 p.m. today, per sources familiar w/ plans Mtg expected to include NY, NJ & CA members closely coordinating on SALT: Lawler, LaLota, Garbarino, Kim, Kean That’s right before big SALT mtg at 4:30 w/ GOP leadership, which we scooped last week

🚨NEWS in @punchbowlnews Midday SEN. RON JOHNSON, who was a tough get during 2017 tax reform, says he cannot support the reconciliation bill that House Republicans are putting together. He said he needs $5T in cuts. He also said passage will not happen by July 4 deadline.

Sen. Johnson says he wants to give “fair warning” to colleagues that with the current direction of the House on spending cuts, reconciliation would “go nowhere here in the Senate”

Republicans are divided over how hard to go after Democrats’ clean energy tax credits. Some want full repeal. Others warn that’s “unrealistic.” More from Laura Weiss and Andrew Desiderio on the clash that could define the GOP’s reconciliation strategy— punchbowl.news/article/vault/…

BREAKING NEWS — JOHNSON, SCALISE, GUTHRIE and SMITH are going to the White House in an hour to talk to Trump.

SCALISE tells me House on track for $1.5T in cuts & $880B from E&C Scalise says he’s confident moderates will accept Medicaid changes to FMAP & per capita caps for expansion population. “We’ve been meeting with all of our members but especially our most vulnerable members”

JOHNSON on reconciliation: “This is a constant process. Ways and Means is meeting this morning to go through the SALT numbers again. The rest of it - Medicaid - is ongoing. We’re on our way to the White House this morning to talk to the president. So it’s all coming together.”

Two bites of tax news: I asked Speaker Mike Johnson if $100,000 is too high for a SALT cap. “Look, I'm not gonna handicap any number.” Also: JOHNSON said he expects ways and means to mark up next week. BUT “if we had to move that a couple days we could.”

Dr. Oz is in the E&C meeting

NEW: 38 House Republicans, led by Rep. Josh Brecheen, send letter to Ways and Means Chair Jason Smith about need to fully repeal IRA credits. Includes dozen+ of HFC members- Rep. Chip Roy drew a red line on voting for a bill without full repeal. punchbowl.news/ira-repeal-let…

NEW: Ways & Means Republicans are tentatively expecting to come back to town Monday and meet at 1 p.m., per multiple sources familiar with the plans Lots of meetings for House GOP tax writers as W&M pushes to finalize the tax bill

NEW: Lots of reconciliation updates on how final pieces are shaping up in Midday Corporate SALT looks unlikely, per several ppl familiar w/ process Plus more on IRA credits & spectrum w/ Jake Sherman Samantha Handler Mica Soellner Diego Areas Munhoz Ben Brody punchbowl.news/archive/5125-m…

New: Boozman, senate Ag chair, says the House’s plan to include more of the farm bill in reconciliation may not survive the Byrd rule

WALTZ going to New York to be ambassador to the UN.

NEWS: Rep. Chip Roy sends “Dear Colleague” letter calling for “structural reform” of Medicaid punchbowl.news/file_9669/

New: E&C will hold member meetings next week on Tuesday and Wednesday after the markup was delayed.